Suncor Energy Inc. (NYSE:SU) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. trimmed its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,875 shares of the oil and gas producer's stock after selling 18,754 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in Suncor Energy were worth $6,113,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SU. Crossmark Global Holdings Inc. increased its stake in shares of Suncor Energy by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 331,846 shares of the oil and gas producer's stock valued at $12,849,000 after purchasing an additional 3,962 shares in the last quarter. Simmons Bank increased its position in shares of Suncor Energy by 5.2% in the first quarter. Simmons Bank now owns 46,439 shares of the oil and gas producer's stock valued at $1,798,000 after buying an additional 2,311 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Suncor Energy by 13.3% in the first quarter. Bank of New York Mellon Corp now owns 3,492,472 shares of the oil and gas producer's stock valued at $135,228,000 after buying an additional 409,032 shares in the last quarter. World Investment Advisors increased its position in shares of Suncor Energy by 29.0% in the first quarter. World Investment Advisors now owns 31,369 shares of the oil and gas producer's stock valued at $1,215,000 after buying an additional 7,059 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Suncor Energy in the first quarter valued at approximately $42,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on SU shares. Wall Street Zen cut Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.67.

Suncor Energy Price Performance

Shares of NYSE:SU traded up $0.96 during trading on Tuesday, reaching $38.79. The stock had a trading volume of 4,886,289 shares, compared to its average volume of 4,461,062. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39. The business has a fifty day moving average price of $36.97 and a 200-day moving average price of $37.04. The stock has a market cap of $47.43 billion, a PE ratio of 11.18, a PEG ratio of 3.14 and a beta of 0.80. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. During the same period in the previous year, the company posted $1.41 earnings per share. On average, equities analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.4133 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a yield of 4.26%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's payout ratio is 47.84%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.